Chinese developer Evergrande files for bankruptcy protection in US | ABC News

China's second-largest property developer, the Evergrande Group, has filed for bankruptcy protection, according to court documents. Evergrande creditors will meet later this month to discuss a multi-billion-dollar restructuring plan to reduce debt and keep the company afloat. Portfolio manager at Tribeca Investment Partners, Jun Bei Liu, says Evergrande is working with the government to find a resolution.
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